On Friday, the venture firm Andreessen Horowitz tweeted out a link to its guide on how to “build your social media presence,” which features advice for founders on things like “how to find your people” and “how often to post.” The timing of the tweet was ironic given the social media frenzy on Friday after […]
Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $ 60 million in a Series A financing at a $ 400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, […]
The SEC has charged an a16z and Sequoia-backed crypto startup founder with fraud
The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $ 257 million in cryptocurrency. BitClout, a decentralized social media platform, raised from a who’s-who […]
Researcher finds flaw in a16z website that exposed some company data
At the end of June, a security researcher found a vulnerability in a web app used by a16z, one of the most powerful and influential Silicon Valley venture capital firms, which exposed some data about the firm’s portfolio companies. The bug has since been fixed. On June 30, a security researcher who goes by xyzeva […]
Internal SpaceX documents show the sweet stock deals offered to investors like a16z, Gigafund
Like many highly valued startups, SpaceX sometimes allows its employees to cash out some of their shares by selling to company-authorized outside investors. TechCrunch has gotten a peek at an internal SpaceX document about such a tender offer from May 2022. Musk posted on X last month that SpaceX holds such sales for employees about […]